At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 3.10 points or 0.046 percent at 6,689.70, while the broader All Ordinaries index was down 1.20 points or 0.017 percent at 6,952.70.
Tech companies surged in early trade, spring boarding off the success of their U.S. counterparts to post an overall gain of 3.5 percent, with sector leader Afterpay up over 7 percent.
Offsetting gains was weight from mining companies with broad gains across the sector and iron ore miners weighing heavily.
The largest of the big four banks, Commonwealth, offset gains by the other three dragging the sector closer to flat.
In the financial space, the big banks were mostly higher with ANZ up (0.08 percent), National Australia Bank up (0.30 percent) and Westpac Bank up (0.73 percent). However, Commonwealth Bank was down (0.38 percent).
Mining stocks sank with Rio Tinto down (1.66 percent), Fortescue Metals down (2.07 percent), BHP down (1.02 percent) and goldminer Newcrest down (0.96 percent).
The country's oil and gas producers were mixed with Oil Search down (1.35 percent), Santos down (0.40 percent) and Woodside Petroleum up (0.08 percent).
Australia's largest supermarkets varied with Coles down (0.17 percent) and Woolworths up (0.23 percent).
Meanwhile, telecommunications giant Telstra sank (0.49 percent), the national carrier Qantas dropped (0.63 percent) and biomedical firm CSL edged lower (0.02 percent).
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